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Search Results 0 to 49 of about 85 (some duplicates have been removed)
CSPAN
Nov 30, 2012 9:00am EST
and boost the economy. mr. benishek: our nation is facing significant challenges. a weak economy, record deficits and a federal government we cannot afford. many northern michigan citizens fear for the future of our republic. the american people deserve solutions to these problems and comprehensive tax reform is a key part of these solutions. president obama has made it clear that his preference is to raise taxes on families and businesses, but that plan won't fix our national debt. it won't improve the economy. instead, congress should focus on tax reform and real significant spending reductions. the american people have chosen divided government, and with that comes a responsibility for us to work together and to fix the pro-our nation faces. i -- the problem our nation faces. i ask my colleagues to help resolve this fiscal crisis and do what's best for the american people. thank you. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from pennsylvania seek recognition? >> i ask unanimous consent to address the house for one minute. the speak
FOX
Dec 4, 2012 4:00am PST
automakers and other sectors - say the economy is strong enough - barely - to withstand either party's direction. "the vast majority think the fiscal cliff's impact will not be enough to drive us to recessionary measures." the chicago fed forecasts the economy will grow at 2.3% next year; unemployment will drop to 7.6%; new housing starts, often a key indicator, will increase to 950,000 new units; and vehicle sales will get a boost - all good news for the midwest. "with 13% of the population, we produce 30% of the vehicles. forecast is for 3.5% growth, which is 15 million units." also, the fed's economic forecasters say by the end of 2013, the price of west texas crude oil will rise about $4 higher than it is now. so overall, a gradual improvement - not fast enough or robust enough to greatly affect the jobs picture, but nothing on the horizon to reverse it, either. in the corporate race against china, the u.s. is gaining ground at a quicker clip. apple and exxon are among the american heavyweights moving up on the global 500 list of largest corporations. american companies now compr
CNBC
Dec 4, 2012 6:00am EST
think the ramifications for the economy are too significant. i think we're watching whatever you want to call it, all of the politics playing out, but i still think in the end we'll get a last minute deal. >> i agree. and i think even though the sides are far apart, you have things on the table now. so you can say you're here at 800, 1.6, you kind of -- it gets you somewhere close. somebody will try to say 1.3 versus 1.1, but if you see publicly what they're stating and hopefully privately other things are going on, but it will get done, but it will be very slow. >> john boehner with the proposal he put on the table, i did see commentary from some of the far right saying this is not an acceptable proposal. even his proposal is not acceptable. i did see comment it ter that came through. my question is does the president now have to alienate some of his far left base in order to reach a compromise. >> i think you'll see both of them have to actually bring the parties together. because you won't get everybody happy. some of the people who got voted on the ticket side, no, never. but it w
CNBC
Nov 29, 2012 4:00pm EST
strategy? what do you want to do with your money in the economy does go off the fiscal cliff? >> yeah, we were worried about that back in september, october. so even though we like the equity markets going into 2013, we wanted to hedge ourselves a little bit, so we took money out of equities. didn't just put it into cash. we put it into three areas we think are still good long term. one is we talk about emerging market equities, but i like emerging market debt. these monetary authorities are done tightening. they fought the inflationary problem that they had successfully. they're in hoed. yield curves could shift down. we stress doing it in local currency. the other areas are u.s. high yield, which i still think is valuable. we do think spreads will contract and emerging market equities as well. >> jordan, what about you? how are you preparing for what could be an eventuality where we go over the cliff and we've got to deal with higher taxes and a slower economy? a lot of people expecting recession in 2013, if, in fact, this occurs. >> think about what works well in a slow-growth economy.
FOX Business
Nov 30, 2012 9:20am EST
. stuart: you agree with me, if this plan, anything like it from the president, were imposed on the economy at this time it would lead to recession. >> i think that the president is fully aware as are democrats and anybody realistic. stuart: you make that judgment. >> i am not a fan, by the way, never have been, i thought the fiscal cliff thing was ridiculous in the beginning. no, no, but prefacing my answer to you. stuart: higher taxes of this magnitude on an economy that's already weak with 8% unemployment, you do that and now it's not-- >> no, no, no, i do not believe that raising the marginal tax rates to the clinton rates for the wealthiest among us-- >> i knew you were going to say that, you're comparing a totally different economy. what we have now is 8% unemployment. very sluggish growth and a trillion dollar deficit every year. you propose to raise taxes in that environment and you're not going to get growth. >> don't you understand you need to off set-- if you're serious about debt reduction, i think you are, don't you understand you need revenue and spending cuts. stuart: and how
FOX News
Dec 5, 2012 8:00am PST
over the last four years, there is progress in some key sectors of our economy. we've seen housing finally begin to bounce back for the first time, and that obviously has an enormous ripple affect throughout the economy. consumer confidence is as high as it's been. many of you over the last two, three years have experienced record profits or near record profits and have a lot of money where you're prepared to invest in plants, and equipment, and hire folks. obviously globally the economy is still soft. europe is going to be in the doldrums for quite some time. asia is not charging forward and some of the emerging markets are not charging forward as quickly as they were maybe a few years ago. but i think what all of you recognize and many of you have told me is that everybody is looking to america, because they understand that if we're able to put forward a long-term agenda for growth and prosperity that is broad based here in the united states, that confidence will not just increase here in the united states, it will increase globe balance leave. globally and i think we can get the
CNBC
Dec 3, 2012 9:00am EST
savings as part of that and invest in things that matter to the american economy. we think we can do that. we have a good chance to do it now. it's important that we do it. i think we're going to get there. >> given tough talk over the weekend, why aren't we waking up to down numbers, red arrows? >> europe is terrific. bond rates are phenomenal. a great run. china numbers are better. i think that there's a lot of people who feel like doug cast does who writes with me with a piece in "the new york times" saying that -- >> most stuff is nontaxable accounts any way. most stocks that people won't be as motivated to sell as people think. of course that doesn't necessarily deal with the increase in payroll taxes and the whole recession side of it. it does deal with the stock market side in terms of selling. >> why not say, listen, fiscal cliff, i have to cut numbers. i have to cut guidance. i think many ceos will cut guidance because of the possibility that the amt is going to -- this alternative minimum tax, people don't know they have to write a check for $3,500 at the end of the year. once y
CNBC
Nov 29, 2012 9:00am EST
the company's economy. the damage from sandy was worse than first anticipated. there's 75,000 jobs lost in new jersey and new york. and the $1.4 billion economy is -- in the quarters ahead, in the fourth quart, he sees a quarter to a half point hit to national gdp directly related to the effects of sandy. talking about the national economy, the bright spots include housing and consumer spending, the negatives include business investment along with weak manufacturing. the congress and the administration must address the fiscal cliff. any plan to reduce the deficit should quote start small and then grow very substantially over time. so dudley basically agreeing with the take that sandy is a bigger event, and then you want to add on top of that dudley's concerns about the fiscal cliff coming our way. >> what does this mean for the retailers because right now we have the impact of sandy, because they're confined pretty much to november. we had this seasonally strong period for retail sales especially for the holiday season. but does that mean the kruk -- money is being spent instead on gypsum boar
CNBC
Nov 30, 2012 6:00am EST
have to put the changes that happened well down the road because the economy's not ready to handle a lot of these changes in terms of cuts and things like that. but the idea that it feels like they're not going to do anything. you could wand ind up with the situation, let it all ride. we won't deal with any of it right now. >> republicans have had a good pint that tax increases are immediate and spending cuts are put off. >> when is a good time? they're talking about another four or five years of we're not going to be ready to have any type of austerity because it's still this huge debt overhang. what color is that tie? >> i don't know. red, i think. >> is it a red rutgers tie? >> not intentional. i completely forgot about the game. not having paid attention to the most important sports event of the year. >> they lost. but they played well. >> they showed up. i didn't see it, but i was happy they showed up. i have my rise above button back on because i thought i was going to have a rutgers button so which would not have allowed me to -- but now i had room for this. you got no sleep
FOX News
Dec 1, 2012 4:00pm PST
. >> and some people fear going off of the cliff could cost thousands of jobs and push our fragile economy back in recession. it seems like we have been down this road before. that deal according to the president and congressional republicans is far from a sure thing. the president said it was a so-called balanced approach to solve this crisis and what he proposed this week was a classic bait and switch on the american people. >> it is unacceptable for republicans to hold middle class tax hostage because they refuse to let them go up on the wealthiest americans. >> people saying that the deal he offered doesn't look like a deal. steve is live in the washington bureau. is there any movement on either side. >> not much. a few republicans who are willing to talk about higher tax rev news but not higher tax rates. the president made a direct appeal to the public. the toy factory in pin pen. he urged congress to pass a bill and extend the era tax cuts for middle class only. >> congress could prevent a tax hike on the first 250,000, of everybodiy income. that means 98 percent of americans and nen per
CNBC
Nov 29, 2012 4:00am EST
're out with a view on your next year that doesn't sound too rosy. you talk about the economy contracting half a percent. challenges in the core countries. so walk us through how important the german vote is tomorrow and whether greece gets its aid as to the more broad brooutlook. >> the outlook is not improving. it's deteriorating for the eurozone. economic fundamentals are getting worse particularly in the countries of germany and france. these are the countries we revise down the most. in the periphery, there are signs that the recession is stabilizing. we're below the consensus. typical view is that the economy will broadly stagnate next year, we think it will continue to shrink and the ecb will continue to cap interest rates and perhaps at shall point the bond buying program will be in spain. >> and so when we talk about the sequence of events that markets are looking for the next couple of months, the main one still seems to be when spain asks for aid. pushed into the first quarter of next year now in your view? >> i think there are two windows of opportunities really. the first one
Current
Dec 6, 2012 6:00am PST
and being hurt. everyone i know is already seeing cutbacks, and the economy is going to be disastrous and only going to get worse under obama. >> stephanie: by the way that was dexter von frisch? >> it was. >> stephanie: he just screams at ann coulters voice? >> it's like an earthquake he just screams before it happens. >> stephanie: kids carbonite backs up everything for you. >> i hope news buster has carbonite, so they save all of our transcripts. >> stephanie: right. absolutely. carbonite set it up once and then it's easy, and then all of your files are backed up automatically and continually. you don't want to think about what would happen if you lost everything. financial documents, music, pictures all of that stuff you have in there. unlimited backup space from your computer. carbonite always has one low fee for your small business. i have carbonite at home and here. get it now. plus you debt two free bonus months with your subscription. that's carbonite.com the offer code is stephanie. >> i think your show is absolutely vulgar. i think it's sad. >> stephanie:
FOX Business
Dec 6, 2012 1:00pm EST
, that is a really crummy solution and how the market i and the economy reactso that? >> i agree with you, and only be a short-term solution before going off the cliff. melissa: does not achieve anything real. except avoiding going off the cliff. i made it clear that was the sole purpose of it, say okay, show us what you're really going to do. again, have attacked both sides of the budget. right now they are not even have having meaningful discussions on that. i'm suffering from fiscal cliff fatigue i think it will get worse because the end of the year is approaching. melissa: thank you for coming on. lori: way to bring it home. spending cuts, looking at even more spending or the possibility of that. housing secretary donovan branding how he hopes to avoid a government bailout for the fha. it seems like more dollar signs out there to me, peter. >> that is right. the housing secretary cannot rule it out. washington is certainly closer to one after the latest audit of the fha fund has a capital reserve shortfall of $16.3 billion. the administration says it is too soon to say whether the fha will need
Current
Nov 29, 2012 9:00pm PST
be put to definite reduction, could be put to spending that's necessary to get the economy fully going. and you know, in our view, you know, in our leader has said this the election was very clear, and i think republicans and house republicans in particular really have to come to their reality check about the result on november 6th, and what that will mean if they allow all of the tax cuts to expire at the end of the year. >> jennifer: well, so, and i want to talk about them in a second. let me ask you this about the democratic caucus, the more conservative december contracts, are you afraid of losing anybody? >> i don't think so. i think at this point, i mean, if you look, for example at votes to end the high income tax cuts, we have taken those before, we have taken those as a democratic caucus, there has been unhim at this allowing those to expiring while preserving middle income tax cuts, i feel confident about that which is why the president can have his pen poised to sign with 200 almost 200 democratic votes, mayb
Current
Dec 5, 2012 6:00am PST
sending the economy over the fiscal cliff he's done nothing to demonstrate it. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues it's magic beans and fairy dust. [farting sounds] >> stephanie: all right. >> fairy dust goes very well with bourbon. >> stephanie: republicans were quick to say that boehner's plan was attracting criticism from the right particularly from jim demint of south carolina, tea party leader and as such, represented more of a compromise than obama's stance. uh no! nice try. demint said boehner's plan will destroy american jobs and allow politicians in washington to spend more. oh, please we're not falling for this. they think if they criticize the plan, oh, well it must be a good compromise then. nice try! 29 minutes after the hour. spongebob squarepants tom kenny, our buddy our pal next on "the stephanie miller show." when the last card is played what will be remembered? explore the lives of the famous and infamous who changed our world f
CSPAN
Nov 29, 2012 5:00pm EST
that raising tax rates would be counterproductive at a time when our economy is -- is so weak and there is another opportunity here and that's for tax reform. the jobs crisis and the debt crisis are linked and the president's made that pointed. he sai-- and the president's mat point. he said that his priority in the grand bargain discussions, the fiscal cliff discussions is to make sure that we encourage economic growth and jobs and so we should use this as an opportunity to address the underlying problem as that are holding back our economy. an economy that's in tough shape today. unemployment is still stuck just below 8%. the projections c.b.o. have given us for next year, by the way, are continued anemic growth in the economy and, in fact, unemployment actually going up, not down. the economic case against just imposing higher taxes is really overwhelming. we all know if you tax something, people tend to do less of it. that's one reason why smoking is taxed, to push people to quit smoking. so i want to raise taxes on working, on saving and on investing. instead, we should e
MSNBC
Dec 1, 2012 11:00am PST
impact on the entire economy. obviously, toys and other things, as well. >> the president's plan calls for raising the tax rates on americans earning $250,000 or more. most republicans remain dead set against the president's plan. >> that's true. i think, though, we have to take a look at the larger context. the larger context is we have a math problem. we have $2.5 trillion that we're taking in every year on the federal government and $3.5 trillion that we're spending. so, we're going to need a balanced approach of both revenue and spending cuts to teat there. so, that's what the president has been talking about and certainly something i can support. >> "the wall street journal" today senior administration officials say the white house not making any new offers until republicans change their opposition to raising top tax rates in this country. as a businessman, that would be directly affected by an impasse like that, as would millions of americans. how do you feel about that? >> how i feel, i'm 100% confident we'll resolve the fiscal cliff pretty much a day or two before christmas. wh
FOX Business
Dec 3, 2012 11:00am EST
to the economy. >> that's all the control they have left. they don't want to lose that in two years. back to the math to dig into this. they need, what? $900 billion -- >> a $1.1 trillion deficit, one $2 billion a year so debt does not grow a percent of gdp. >> how do we get there? the number on the table last week from the democrats on the entitlements was $400 billion. >> over ten years. >> that's nothing, nothing. >> letting the tax cuts expire, people earning over $250,000, that's $50 billion. >> how do you do this then? >> raising dividends, capital gains, state taxes, you need $800 billion more. the only way to get there is enormous spending cuts or e enormous tax increases. we raise $1.1 trillion a year. we need $900 billion to close the gap. that's an 80% across the board tax increase. >> is it realistic to close the gap? >> you can't let debt continue to grow forever. you have to step in the right direction, and this is a two prong negotiating strategy for democrats. get $150 # million a year from the wealthy, and then negotiate on the other $800 billion. you should recognize tha
FOX News
Dec 2, 2012 1:00pm PST
billion slashed from domestic programs. an estimated 2 million jobs could be lost pushing the economy back into a recession adding to the misery to those facing tough times by ending jobless benefits for the long term unemployed. steve is live in washington. where do we stand at this point? >> reporter: two sides did do something today. they appeared on the sunday talk shows but they haven't negotiated an actual deal. john boehner blasted the white house plan which was put forward last week. boehner says the president essentially wasted the last three weeks since the election with nonsense. >> the president is asking for $1.6 trillion worth of new revenue over ten years, twice as much as he been asking for in public. stimulus spending that exceeded the amount of new cuts he was willing to consider. it was not a serious offer. >> reporter: and boehner says he was flabbergasted when he was given the proposal. >> heather: and democrats are defending themselves? >> treasury-secretary tim geithner on fox news defending the president's plan for raising revenues, cutting spending and reduce the d
NBC
Nov 30, 2012 5:30pm PST
. >> increasing tax rates draws money away from the economy that needs to be invested in the economy to put people back to work. it is the wrong approach. >> reporter: bolder by his re-election, and criticized for being soft on republicans in the past, he drew a hard line, including $1.6 trillion in revenues, $600 billion in additional spending cuts, about half in medicare, and at least $50 billion infrastructure spending. >> we don't want to increase tax rates, we're not going to increase tax rates. and we want to do something about the spending problem. >> reporter: aides say senate minority leader mcconnell laughed after tim geithner showed him the offer thursday. today, confl republican goals remain the same, they say, serious entitlement reform, including higher premiums for the wealthy, and increases in the eligibility wage, with the clock ticking, both sides are working. >> all of us will have to get out of our comfort zones to make it happen. >> reporter: now also a part of the president's plan ending congressional oversight of the debt limit, one aide says it is a pipe dream. lawmakers ar
CBS
Dec 1, 2012 5:00am PST
thing to say there is the adverse effects on the economy if we don't get a deal build and really take several months to take full effect. while we want a deal by january 1st if they get a deal pretty quickly then in january and make it retroactive to january 1st which i think they do then the economy is still okay. the big problem is if we go months with no deal. >> all the ceos i talk to say there's already an impact. there's uncertainty. they are not hiring. i heard from a number of retailers who say if we don't have a deal by december 14th this will not be a happy holiday for us. if things do go over the cliff, robert what happens and how significant is that going to be on the economy in the immediate term? >> well actually we probably are having a modest effect now and it's not like it suddenly becomes dramatic on january 1st. it just gradually gets bigger over time. and we really have two issues threatening the economy. the fiscal cliff on january 1st isn't the only one. about two months after that we hit the debt limit again. the debt limit is different. if
FOX
Dec 3, 2012 4:00am PST
to think about if this economy would ever get any legs, any momentum. you have to think about the inflation picture. the fed has got so much emphasis on this market. it's an open ended quantitative easing market at this point. any type of momentum, any type of inflation, people are going to be concerned about that and that's why you're seeing this major interest in gold. will warmer this week bring a chill to nat gas? i think definitely it will. you saw last week futures prices sink back to 350 or so on a bigger build in inventories when we were expecting a draw. we look at the extended range forecast and we do see warmer temps across the east coast and the midwest. it's going to take a cold winter to draw off these inventories and to bring prices back up to higher levels and we're just not seeing that at this point. thanks kevin, have a good week. thank you. mexico's new president was inaugurated over the weekend. 46-year-old enrique pena nieto says he wants to change mexico's relationship with the u-s toward trade and manufacturing and away from violent drug cartels. our cover story takes
CNBC
Nov 30, 2012 9:00am EST
slowed their economy too much and it's time to put more gasoline on it. they actually have the ability to do that. the communist party is very well run. ceo is terrific. they may declare a special dividend. >> the ceo is no andrew mason. >> no. if the ceo were to leave, i don't know if the stock would pop. >> bob pisani is on the floor watching what's moving on this friday. good morning, bob. >> we opened flat by in large. i have to say the commentary this morning, the mood is gloomier than i have seen recently. there's been a lot of hope that a deal could be reached here. how's this for gloom? 2013 is going to be tough. fiscal cliff or not. how's this one? we lose either way. you get a fiscal cliff deal, you'll have tax increases and spending cuts. they'll cut 1%, 1.5% off gdp. that's not good for stock market in 2013. you don't get a deal, you get mandatory spending cuts that will be worse. meantime, there are shorter term worries. how about getting through today? how do you go long or short here today when over the weekend anybody -- i mean almost anybody, can appear on a sunday tal
Current
Dec 4, 2012 3:00am PST
talking point that lowering taxes on rich people stimulates the economy. i have a degree in economics and my dad was an economics professor. and i know that it's the opposite. >> bill: yeah. >> caller: to stimulate the economy, you have to tax rich people who are just sitting on that money. they're refusing to use it to help the economy. and the government uses that money to put people to work, rebuilding bridges schools hiring people to inspect our food so we don't die from eating peanut butter or getting shots. >> bill: amen, amen. hey, paul, it has been proven, right? right, igor? we had eight years. >> in great growth and great jobs. in a consumer-based economy where people have to buy -- you have to participate in business for the economy to grow, you've gotta give -- as the president said, you've gotta grow the economy from the middle out. if the relief doesn't go toward middle class americans, if they can't participate in the economy, yeah, you're going to have a top 1% or 2% folks who do really
FOX News
Dec 3, 2012 2:00am PST
that's a good set of proposals and good for the economy. if they have different suggestions they should slay it out to us. >> republican leaders should make the deeper cuts on medicare, medicaid and social security. as for raising taxes on the wealthy, republicans want a great higher revenue for closing loopholes and limiting deductions not a tax hike. they are not pleased with the president's proposal. >>> i was flabber fasted. i looked at them said you can't be serious. i have never seen anything like it. >> three of the weeks have been wasted. >> tim geithner agrees time is of the essence. he fires back at boehner saying there's no reason they should fall off the fiscal cliff adding the only reason why it would happen is if a group of members of congress decide they are going to block an agreement because they want to extend the tax rates for the rich. back to you. >> kelly wright, thank you. it's time for a look at who is talking. another big talker down on capitol hill the september 11th attack on consulate in benghazi. >> we know there was intelligence leading up to the attacks th
FOX Business
Dec 3, 2012 9:20am EST
raise these taxes, it will not hurt the economy. [talking over each other] stuart: bill clinton raised taxes and the economy took off. >> there are a lot of things that influence the economy. not just taxes. there are other things. there is no monetary policy, which was great under bill clinton. do not forget that bill clinton did welfare reform. one of the most historic acts over the last 50 years. do not forget that we caught government spending within those years. the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a day for the rest of your life because i know somebody who did that and he did not get cancer. stuart: okay. that was very good. [ laughter ] now, i know why you have not been on the show very often. i am at a loss for words when you are done. stephen moore, i do hope you come back and see us soon. >> thank you, sir. stuart: here is an example of what i call tax hypocrisy. costco founder going to save because of the dividend payment this year. not nex
CNBC
Dec 5, 2012 1:00pm EST
. we're going to talk about the fiscal cliff. if we go over it, will it really destroy the u.s. economy? we'll show you some stats to make you go -- hmm. we'll talk more about apple's slide, should microsoft's ceo steve ballmer get the boot if the surface fails. and we will introduce to you quite possibly the world's dumbest demolition crew. it involves a multi-million dollar bore chateau and really bad bulldozing. >> yikes. see you at 1:00, brian. thank you. >>> listen up wall street recruiters, a recent rash of college cheating scandals has shown academic dishonesty is unfortunately a very big problem on campus today. who are the worst offenders? tonight's premier of "faking the grade -- classroom cheaters," we'll tell you. they'll find out which students are most likely to cut corners in the battle to gain an edge. >> reporter: don mccabe and his canadian colleague collaborate on research. mccabe says in the u.s. business students cheat the most. engineering students are often near the top of the list. and so are communications and journalism students. women studied at one university
FOX Business
Dec 3, 2012 1:00pm EST
can i do? if they say, what do you think? i say, low income rates, economy recovering slowly, housing coming back, if you stay through the turmoil, you'll have higher markets after its over, and maybe much higher so my view is yoo stay invested, broadly diversified, etfs to do it. >> you had me until much higher markets on the other side. what makes you think that? as an investor, it it's a higher tax, straightforward math. if you raise tax on dividends and capital gains, makes stocks less valuable in the long run, a less appetizing choice. you mentioned housing on the way back. holding assets for a long time, buy housing, gold stocks, something to sit? >> well, you have a diversify, and stocks are under owned, one. the monetary policy is predictable for years, and it's a low, low interest rate so now you say what are the relative choices? go by a high grade tax free bond, 3% interest. i can buy stocks, a 2%-plus dividend, could tax higher, but the dividends rise. i can get into a market cheaply if i believe earnings grow over time, say, the rest of the decade. that's my time horizon.
FOX News
Dec 2, 2012 3:00am PST
they were in 1980 or 1950, the question is given the world today and the other economies do we have a competitive tax system and i think our slow going economy under president obama says we don't. >> the new york times though makes a mention of, just a sort of a passing mention in this massive article, by the way, about the need to cut spending like one or two sentences about the need-- >> and i think that milton freedman brought us, that spending is really the tax bill. it's just delayed. so, every toll the government spends eventually they're going to have to take it from someone, either in taxes or in inflation, so, this is why you're seeing a lack of business investment is because this massive spending and huge debt tells every business owner, every investor, big tax are are coming to eventually pay for this. >> what was the point of the piece? i know there's hand wringing out there, maybe the folks on the right say under obama our taxes have gone up and we may more in taxes than we've ever paid and attempt to say, we're not-- >> this is long-term by the president and his allies
CNN
Dec 4, 2012 1:00pm PST
. >> the concern people have is the world economy is in a very fragile state right now. i don't have to say what the problems of the eurozone have, they're very manifest. but the global economy as a whole, there's a lack of confidence, a worry about where it's going. so if you in america, and people have a lot of confidence in america in this regard, if you can sort out this issue, then even though that doesn't sort out all the problems of the american or global economy, it would be a big boost and give people a sense of confidence that there was -- you guys have got your act together. the decisions were being taken, and i think it will be good for you and good for us. so i hope you do it. i believe you will. i know right now there's bound to be tough negotiations. the president has been re-elected and i think that gives the situation its own special momentum. i hope you resolve it and then we're going to have to take some tough decisions over our way, too. >> very quickly. there was a cute video of hillary clinton here in washington over the weekend, and it had a clip from you in there. i'll pl
CSPAN
Dec 6, 2012 12:00pm EST
we can continue to develop policies to grow our economy through international trade and hopefully help advance the rule of law around the world. this is a good package that deserves our strong support. i urge -- i urge all of my colleagues to join in supporting this bill. i believe that we have got to do more in the international trade world. earlier, due to the efforts of the distinguished chairman, senator baucus and his staff and my staff, we were able to get the korean, colombian and panamanian treaties through. these were steps in the right direction after all these years. to have this happen is going to be a wonderful thing i think for our country and really for russia itself, and it certainly is going to help us go down the line in doing what's best for our own trade. one of the other special things that's in this is it's going to cause russia to have to live up to some international trade and international intellectual property laws, international laws, and we in this country believe in obeying those laws, and i have to say russia, india and china have invaded intellectual
CSPAN
Dec 1, 2012 7:00pm EST
competitive and innovative economy. the former chief -- secretary of the army talked-about the problems in our education system and the relationship to the armed forces. the inability of 70% of americans to actually qualify for service and into the armed forces ought to be a red flag for anyone. there are other reasons for that -- incarceration, obesity. but a fair amount is people cannot pass the basic skills test to get into the military. just imagine that. a country, the most artful country in the world -- the most powerful country in the world and make cannot get people to pass a skills test to enter the army. few people start to learn foreign languages in a timely fashion. how many people can find the on the map that is not the united states of america? the fact that we do not have people who are prepared to go into the intelligence agencies. we are robbing ourselves of talent in the national security infrastructure. most importantly, it is a tragedy people will not be prepared for good jobs. it is a tragedy people cannot serve it into the armed forces or the foreign service for the intel
FOX News
Dec 4, 2012 12:00pm PST
the fiscal cliff will not just impact the national economy but have a lot of impact on state and local economies, as well, and their state budgets, et cetera. the president, though, is standing firm. and jake carney saying unless the republicans give in on tax rates and raise the bush tax rates on the rich, there is no deal and the president is willing to go off the cliff. they hammered speaker boehner's proposal. >> we don't know who pays. we don't know what we are talking about in terms actual legislation to increase revenues it is magic beans and fairy dust. >>reporter: it doesn't sound like they are ready for a compromise. he said they do not take speaker boehner's proposal seriously enough to offer a counterpropsal so the white house believes the ball is still in the republicans' court. >>shepard: but speaker boehner has moved, if shiply and if for the first time in public but he has moved. >>reporter: he has. he is not willing yet, not yet, anyway, willing to raise tax rates. in speaker boehner's proposal he put revenue, tax revenue of $800 billion on the table. you her the white
MSNBC
Nov 28, 2012 7:00pm PST
was outraged by his suggestion. >> you're not going to grow the economy if you raise tax rates on the top two rates. we're willing to put revenue on the table as long as we're not raising rates. >> but that didn't stop congressman cole from going on hardball today continuing to sell the idea of making peace with the president for the sake of 98% of american taxpayers. >> if the president's willing to accept 80% of the bush tax cuts for 98% of the american people and make them permanent, i think that is a point we should agree op. >> tom cole also made it clear he is still a boehner loyalist. >> i fully support him. what he's trying to achieve, which is no rate increase, but try and meet the president partway on revenue. i support that. i suspect he'll negotiate a good deal. at the end of the day, he'll come back and ask us to support him. i'll probably help him again. >> okay, so, what did boehner loyalist tom cole do after they said that on "hardball" at 5:00? now, remember, john boehner heard him say that on "hardball" or his staff instantly reported to him exactly what tom cole just said o
CNN
Dec 3, 2012 11:00am PST
know, kick into place that can plunge the economy back into recession. and you have the house speaker saying this white house proposal, the one he received just a matter of days ago, isn't even serious. gloria borger, our chief political analyst, let me bring you in here. one of the questions is does it seem to you that the president feels as though he has some leverage here? he won the election, right? >> he did. >> maybe that accounts for what's in his proposal. >> yeah. this is clearly a different president obama than the one we saw during the debt ceiling negotiations or even after the midterm elections in 2010 when he felt a little weakened and there was the extension of those bush tax cuts for the wealthy. so i think when you're seeing here is a president who put this on the table, trying to please his base, okay? which got him elected after all. saying, this is my wish list, this is in a perfect world, this is what i would do. i don't think anyone at the white house expected the republicans to say, oh, thank you mr. president, yes, this looks lovely. let's go on and work on a d
Current
Nov 30, 2012 6:00am PST
--they don't want the economy to get better. >> caller: you're right, stephanie. when there were enough things to happen in the campaign to indicate to me in the house of representatives or the senate that they didn't want the economy to improve. because they thought that that would be too much of a plus for the president. the country is more important. you got to go back to what mccain and obama did in september of 2008. when they came in and said to us, we're going to go off the cliff at that time. that's why we voted to bail out the banks even though many of them deserved to be kicked out. the fact is that both mccain and obama rose above the clatter of the campaign. mid-september. they voted for and supported even though they held their nose they did it. they did it. we need that same thing to happen right now to move above the political arena and make some decisions for the common good of america. >> stephanie: yep. >> caller: and help them across. i think it can be done. >> stephanie: representative. >> caller: i'm sorry. >> stephanie: go ahead. >> caller: i don't think the presid
FOX News
Dec 5, 2012 2:00am PST
that the terminal operators wanted to out source future clerical jobs. >> cost the u.s. economy 1 billion a day. >> 8 billion in total. >> good news for the housing industry. >> definitely another sol rid report. home prices rose 6.3 percent in october. that was the biggest increase in more than 6 years. the reason is fewer homes are up for sale. the national association of realtors says supply was down by 22 percent from a year ago. >>> the trend is our friend. something else that is our friend. holiday office parties are back. >> they are back in a big way. lots of companies got rid of holiday parties. 91 percent are planning holiday parties this year. that comes from the executive search. they are spending most money at law firms and healthcare companies. >> really specifically? >> make sure you maintain your composure at your office party. >> maximum heather, maximum. >> appreciate it as always. >> the time is 10 minutes after the top of the hour. a church buckling under the pressure of a christmas controversy. we will tell you why it won't be a merry christmas for charlie brown after all.
MSNBC
Nov 30, 2012 2:00am PST
that if they couldn't compromise on a deficit and revenue plan, our economy would crash. turns out they couldn't compromise. so here's what they did. in order to force themselves to work together and compromise, they concocted a catastrophic penalty that would itself crash our economy. put it another way. if there was an asteroid headed towards the earth, we made it and fired it at ourselves. because otherwise we would never have done the hard work required to protect ourselves from asteroids. >> see, that's one way of looking at it. yes. >>> halle berry's thanksgiving day drama seems to be winding down. progress has been made regarding the holiday fistfight between hallry berry's ex-boyfriend, gabriel aubry, and her current fiance. in a statement, berry's lawyer said she and aubrey have reached an amicable agreement. berry had a restraining order put into effect after that fight to keep aubrey from seeing their 4-year-old daughter. >>> so lindsay lohan, she's done it again, arrested thursday for allegedly punching a woman in the face in a new york city fig nightclub. the woman was visiting fr
MSNBC
Dec 2, 2012 7:00am PST
number as australia. i think we're a bigger country. i think the economy is a little bit bigger. people are not talking about that. we have an absurd situation to get 10,000 visas a year from mexico. i'm from southern california, you can fit those 10,000 visas in about half of long beach where i'm from. it doesn't begin to make sense. people aren't talking about that. i don't think obama is pressured to deal with this because he got four more percentage points. >> this is the artificial crisis. the crisis of insufficiency, it's created by our actual policy. with a stroke of the pen, we can change it. with legislation like all issues that are difficult, they're difficult for a reason. it's tough to get their politically but the easiest way to go about it. let's get the numbers of visas way up there so it reflects at least some bit of reality and stop criminalizing human existence. >> business push on this as well. >> there's a business push. frankly, there's going to be a fight. even though business is on the same side as immigrant rights movement, there will be a fight between business
FOX Business
Nov 29, 2012 9:20am EST
, in the third quarter, the u.s. economy expanded at an annual rate of 2.7%. and that's better than the original 2% even that was reported a couple of weeks ago and last week, there were 393,000 new claims for jobless benefits and down from the previous week, but you're still very close to the 400,000 per week mark and that's a sign of weakness, albeit, come of that clearly from the storm, that's still not a healthy vigorous rebound, is it? trading has begun this thursday morning. we're expecting the dow to go up 50, 60 points and that's in part because of the fiscal cliff debate and looks like the president won taxes now, promises of entitlement reform later and don't care about the debt. the market kind of likes that, because the money keeps flowing. in the first part of business, we're flat, i thought more than that, we're up 2, 10 points and going up from here, at least in the early going. now, we've got another big name that you know #, trying to help shareholders avoid higher taxes next year, it's disney and increased the cash dividend by 25% and paying it this year. nicole, what happens t
FOX News
Dec 3, 2012 10:00am PST
climate deal that could have an impact on our economy. talks are going on about a climate treaty that could supersede current u.s. laws in some ways and impose mandatory limits on carbon emissions. president obama failed to get a cap-and-trade will pass in his first term. is he quietly planning a new carbon crackdown through other means? joining me now is lou dobbs, host of "lou dobbs tonight" on the fox business network. that was one agenda item he could not get through. cap and trade. even when the democrats controlled the house as well, they just couldn't get that through. what would he be doing through the united nations and he could do through the u.s. congress? lou: the efforts that he is undertaking here, so little is known about what we are discussing in qatar, at the meeting of the united nations we are talking about laying out a mission schedule through 2035. without any public discussion, there is nothing about it than a presidential debate, as you know. this could have a mammoth effect on this economy. we are talking about tax levels and also significant pressure on t
MSNBC
Dec 2, 2012 9:00am PST
invested. we need to make sure the economy doesn't collapse. >> from egypt to israel now. we have secretary of state hillary clinton condemning both the vote in the u.n. recognizing palestine as a nonmember state and new settlements. which one is more of a road block to a two-state solution? >> the u.s. never really does get this issue despite our efforts to see if the sides will engage each other. israel and hamas have all been playing to their bases and flexing their muscles. it's against what long standing bipartisan the american presidents have called for. so the two-state solution is the goal. it's what majorities of both populations have asked for but they seem stuck. >> how dicey does the situation become if they build in an area that precludes a contiguous palestinian state? and this settlement would end up blocking a contiguous palestinian state. even many in israel have been concerned about this. the question of settlement construction is first and foremost an issue of israeli decision making but they need to be sensitive to the fact this does seem to be a response to diplomatic p
MSNBC
Dec 6, 2012 6:00am EST
without raising tax rates which we believe will harm our economy. >> so could we just agree right now, everybody around the table, that both sides are talking about tax increases for the rich? >> i think so. >> it's just a difference between do you get tax increases for the rich? do you get the revenue by raising the top rate or by closing loopholes? i mean, that is where we are now in the debate, right? there is no difference of opinion. both sides agree that they're going to raise taxes on the rich. >> amount. there's a big difference on amount. you have $800 billion and $1.6 trillion. >> and people like you and i believe as well, we end up at $1.2 trillion in the end. >> here's what i don't -- i hear everybody -- the other positive is that both plans come in about $2 trillion. and the difference is $800 billion and $1.6 trillion in taxes and $400 billion and $1.4 billion respective i, democrat and republican, when it comes to entitlements. it would seem to me, if steve rattner were doing a deal and we were looking at buying or selling something, we'd be in a room figuring out how y
FOX News
Dec 5, 2012 3:00am PST
and the president's stance on taxes and goal with the economy and maybe what he will say in the inauguration. look who was invited to the white house >> chris: who was left to run msnbc. >> happy and ed and arihanna huffington. i don't know if the white house released the fact. but someone from the blog sites saw it. and so wait a minute what is going on. yeah, we were invited for not a strategy but just to explain. >> gretchen: i don't know why anybody. >> brian: five talk show hosts in from the same channel? that is outrageous. >> gretchen: it might be outrageous. i am not surprised by it at all. that's the message . that station is delivering the message of this administration. it makes sense. >> steve: that particular channel that's all they would do. it would be nice to see somebody from cbs or nbc or fox news channel. >> brian: it is incredible. >> steve: what do you think that the president's people invited the way left people to a sit down there at the white house. e-mail at folks news.com. >> brian: the president will not talk to republicans unless they agree to raise rates. he hasn't tal
FOX News
Nov 30, 2012 3:00am PST
and bigger government regardless of the impact on jobs and economy and america's standing in the world. >> gretchen: who could the fiscal cliff jumpers be. matt is editor in chief of the washington weekend. he's my guest. good morning. >> good morning. >> gretchen: who wants to go off of the cliff and die. >> buckle your seat. important senator is patti murray in charge of the democrat campaign committee. she got put in the position thinking it was not a good year for democrats and she turned into one. that gave her clout in the democratic caucus. when she gave a speech saying we could make a more liberal deal if we go off the cliff democrats started listening. >> gretchen: senator harry reid want to go off the cliff. >> he's playing the double game. he want to look like a deal make yer support the president. but so many democrats have a strange idea of compromise. it is all right. give me everything and i will do nothing. what we are seeing from the democrats, republicans you cave on taxs and revenue and we'll not cut entitlements at all. that is not a good deal and suggests that more
CNBC
Dec 5, 2012 3:00pm EST
let our economy go over the fiscal cliff if a deal on higher tax rates for the wealthy is not reached? we're checking it out. back in a moment. [ male announcer ] research suggests cell health plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. >>> welcome back. this very public negotiation on the fiscal cliff still does not seem to be closing in on a deal. the white house out in campaign style events regularly, making multiple media appearances, kle including timothy geithner right here in 25 minutes. >> but would things be done faster if it was done privately? in his latest column, jeff goldfor a compares u.s. budget talks to merger proxy battles. jeff joins us to explain about that. plus, we have bob from jones day who
FOX News
Nov 30, 2012 6:00pm PST
fantasy. it is real. and will bring the economy to its knees at last temporarily if they don't fix that. you talk to economists on the left, on the right, they would really have agreement. you don't think it is serious? >> cbo said if we go over the fiscal cliff unemployment would be over 9%. if we go over it, it is still going to be over 9%. if we stop, it will be close to 9% only half a point difference which is a lot, i'm not minimizing it. >> it has to do with what the trajectory of growth is in the economy which is critical. the other element here, you're talking about what the republicans should do, gingrich is talking about what the republicans should do. i think they need to come forward with a reasonable proposal, and say look this is what we want. paul ryan who said, the real problem in all of this, yeah taxes, they are going to be disputes about how you get revenue. the real problem is runaway entitlement spending. >> sean: absolutely. >> it is the big elephant in every room. and the republicans say let's do something about it when i talked to obama in july he said, "it is an
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